AGENCY’S MONITORING

AGENCY'S MONITORING OF FCA REGULATION

Article 63 of the FCA Regulation and Articles 8 and 9 of the Regulation (EC) No 714/2009 set out the monitoring tasks of the implementation of forward capacity allocation for ENTSO-E and the Agency.

Pursuant to Article 9(1) of the Regulation (EC) No 714/2009, the Agency needs to monitor the implementation by the ENTSO-E of network codes and guidelines. The Agency also needs to monitor the implementation of the network codes and the guidelines and their effect on the harmonisation of applicable rules aimed at facilitating market integration as well as on non-discrimination, effective competition and the efficient functioning of the market, and report to the Commission.

Report on the implementation of the FCA Regulation

The Agency plans to issue annually the reports on the implementation of FCA Regulation. As the implementation of the FCA Regulation is still in a stage of development and no effective implementation has taken place yet, the Agency did not issue any monitoring reports with this respect. This first general monitoring report on the implementation of FCA Regulation is expected to be issued in 2018.

Report on the effects of the FCA Regulation

The Agency's task to monitor the effects of the FCA Regulation on the harmonisation of applicable rules aimed at facilitating market integration as well as on non-discrimination, effective competition and the efficient functioning of the market is performed in the framework of the Agency's monitoring of the internal market in electricity in accordance with Article 11 of the Regulation 713/2009. Although the main provisions of the FCA Regulation have not been implemented yet and therefore the direct effects cannot be observed yet, the annual Market Monitoring Report of the Agency analyses the effects of the early implementation activities of electricity market integration such as the existence and quality of hedging opportunities at different bidding zone borders in Europe. You can find more about the Agency's monitoring of internal market in electricity here.